Retirement plan

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP PROFIT SHARING PLAN

Name: BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP - BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP PROFIT SHARING PLAN (2023) Form 5500
Creator: BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP PROFIT SHARING PLAN, BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLPEIN 13-3165559Plan #006PY 2023

1251 AVENUE OF THE AMERICAS, 44TH FLOOR - NEW YORK, NY 10020212-554-1400blbglaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$29.2M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$12.1M

+9.8% from 2022

Total participants

159

-2.5% from 2022

Average account balance

$78,284

+11.9% from 2022

Annual return

15.04%

+28.62 pp from 2022

Benchmarks

See 293 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Cohort293 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$13.26M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$88K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

151

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

84.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.16%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$255

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
AB FUNDS1 year Filed as: ALLIANCE BERNSTREIN LP Service code 27 501 COMMERCE STREET · NASHVILLE, TN 37302	Advisory (Plan)	$15,865
ASSOCIATED PENSION CONSULTANTS5 years Filed as: ASSOCIATED PENSION CONSULTANTS, INC Service code 13 · EIN 11-3271022 401 BROADHOLLOW ROAD · MELVILLE, NY 11747	Contract Administrator	$7,140

Plan features & details

Pension benefit codes2A2E2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$30K

$305 / participant

Contract admin$22K73.2%
Other / not subdivided$8K26.8%

% of EOY assets

0.249%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANCHIN BLOCK AND ANCHIN LLP
Auditor EIN: 130436940
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,284

$162,322-51.8%

$135,974-42.4%

Participation rate

96.0%

71.5%+24.4pp

81.9%+14.0pp

Annual return

15.04%

15.59%-0.6pp

68.30%-53.3pp

Employer contribution / active EE

$9,729

$3,400+186.2%

$4,859+100.2%

Participant deferral / active EE

$5,722-100.0%

$7,760-100.0%

Admin fee / account holder

$195

$23,877-99.2%

$10,767-98.2%

Provider

Service type

Compensation

AB FUNDS1 year

Filed as: ALLIANCE BERNSTREIN LP

Service code 27

501 COMMERCE STREET · NASHVILLE, TN 37302

Advisory (Plan)

$15,865

ASSOCIATED PENSION CONSULTANTS5 years

Filed as: ASSOCIATED PENSION CONSULTANTS, INC

Service code 13 · EIN 11-3271022

401 BROADHOLLOW ROAD · MELVILLE, NY 11747

Contract Administrator

$7,140

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion